Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item.
A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss.
(source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity.
ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Equity (BVPS)

4.26

4.09

4.07

4.45

4.67

4.76

5.06

5.21

5.29

5.36

5.52

growth rate

-4.0%

-0.5%

9.3%

4.9%

1.9%

6.3%

3.0%

1.5%

1.3%

3.0%

Earnings BIT

6.13

10.11

5.54

11.18

growth rate

64.9%

-45.2%

101.7%

Avg.PE

15.75

19.67

10.13

31.25

23.03

9.63

growth rate

24.9%

-48.5%

208.5%

-26.3%

-58.2%

ROA

0.59

-0.61

0.01

0.53

0.43

0.48

0.26

0.52

0.20

0.28

0.67

growth rate

-100.0%

100.0%

5,200.0%

-18.9%

11.6%

-45.8%

100.0%

-61.5%

40.0%

139.3%

ROE

6.02

-6.62

0.14

5.80

4.66

5.48

3.03

6.05

2.37

3.46

8.05

growth rate

-100.0%

100.0%

4,042.9%

-19.7%

17.6%

-44.7%

99.7%

-60.8%

46.0%

132.7%

ROIC

9.76

1.69

8.96

9.91

7.42

6.26

3.90

growth rate

-82.7%

430.2%

10.6%

-25.1%

-15.6%

-37.7%

Leverage

10.42

11.19

10.98

10.72

11.19

11.44

11.66

11.73

12.09

12.28

11.85

growth rate

7.4%

-1.9%

-2.4%

4.4%

2.2%

1.9%

0.6%

3.1%

1.6%

-3.5%

Balance Sheet

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Acct.Receivable

3.22

2.96

2.91

3.13

3.06

3.12

3.60

growth rate

-8.0%

-1.8%

7.5%

-2.2%

1.9%

15.6%

Acct.Payable

869.88

903.29

967.79

947.95

949.17

growth rate

3.8%

7.1%

-2.1%

0.1%

Cur.Assets

41.56

54.65

40.30

40.93

growth rate

31.5%

-26.2%

1.6%

Total Assets

979.08

1,000.99

1,056.04

1,089.26

1,148.50

1,153.78

1,167.66

1,160.68

growth rate

2.2%

5.5%

3.2%

5.4%

0.5%

1.2%

-0.6%

Cash

231.87

191.10

190.22

32.87

48.51

34.07

34.18

growth rate

-17.6%

-0.5%

-82.7%

47.6%

-29.8%

0.3%

Inventory

0.51

0.08

0.02

0.02

growth rate

-85.4%

-72.0%

-14.3%

Cur.Liabilities

912.76

952.04

992.54

1,009.03

949.17

growth rate

4.3%

4.3%

1.7%

-5.9%

Liabilities

866.72

890.52

942.73

974.86

1,029.52

1,058.39

1,072.55

1,062.70

growth rate

2.8%

5.9%

3.4%

5.6%

2.8%

1.3%

-0.9%

LT Debt

51.09

68.31

53.89

54.62

95.24

growth rate

33.7%

-21.1%

1.4%

74.4%

Equity

112.35

110.47

113.31

93.41

97.97

95.40

95.10

97.98

growth rate

-1.7%

2.6%

-17.6%

4.9%

-2.6%

-0.3%

3.0%

Common Shares

22.00

21.00

21.00

21.00

20.00

19.00

19.00

19.00

19.00

19.00

18.00

growth rate

-4.6%

0.0%

0.0%

-4.8%

-5.0%

0.0%

0.0%

0.0%

0.0%

-5.3%

Cash Flow Statement

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Capital Expenditures

1.67

2.65

3.00

1.72

0.88

1.38

2.71

growth rate

58.9%

13.5%

-42.7%

-48.8%

56.6%

96.0%

Cash Dividends

1.05

0.83

0.78

0.96

0.96

0.96

1.11

growth rate

-21.4%

-6.4%

24.1%

0.2%

-0.4%

15.9%

Cash From OA

10.79

3.21

14.85

4.96

9.83

6.67

7.68

growth rate

-70.2%

362.5%

-66.6%

98.2%

-32.2%

15.2%

FCF per Share

0.29

0.05

0.07

0.46

0.03

0.43

0.12

0.46

-0.01

0.64

0.26

growth rate

-82.8%

40.0%

557.1%

-93.5%

1,333.3%

-72.1%

283.3%

-100.0%

100.0%

-59.4%

Sale Purchase of Stock

-1.41

-4.42

-1.17

-21.00

-21.00

-21.00

-3.40

growth rate

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

FCF

6.00

1.00

1.00

9.00

1.00

12.00

3.00

9.00

5.00

5.00

6.00

growth rate

-83.3%

0.0%

800.0%

-88.9%

1,100.0%

-75.0%

200.0%

-44.4%

0.0%

20.0%

Income Statement

Dec '08

Dec '09

Dec '10

Dec '11

Dec '12

Dec '13

Dec '14

Dec '15

Dec '16

Dec '17

Dec '18

Sales

55.53

54.86

55.09

47.99

49.38

44.82

49.41

50.32

growth rate

-1.2%

0.4%

-12.9%

2.9%

-9.2%

10.2%

1.9%

Op.Income

6.54

5.04

5.19

6.30

9.01

3.92

9.27

9.99

growth rate

-22.9%

3.1%

21.4%

43.0%

-56.5%

136.7%

7.8%

IBT

9.39

7.28

7.48

4.62

8.34

3.21

8.64

9.38

growth rate

-22.5%

2.8%

-38.2%

80.5%

-61.6%

169.4%

8.6%

Net Income

6.54

5.04

5.19

3.02

6.00

2.31

3.29

7.77

growth rate

-22.9%

3.1%

-41.8%

98.4%

-61.5%

42.6%

135.9%

EPS

0.25

-0.29

0.01

0.24

0.21

0.26

0.15

0.31

0.12

0.18

0.43

growth rate

-100.0%

100.0%

2,300.0%

-12.5%

23.8%

-42.3%

106.7%

-61.3%

50.0%

138.9%

Gross Profit

47.99

49.38

44.82

49.41

50.32

growth rate

2.9%

-9.2%

10.2%

1.9%

Quarterly Statements

Item Name

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Earnings BIT

3.07

2.90

growth rate

-5.6%

Balance Sheet

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Acct.Receivable

3.60

3.56

growth rate

-1.3%

Acct.Payable

947.95

944.21

928.18

944.21

949.17

growth rate

-0.4%

-1.7%

1.7%

0.5%

Cur.Assets

40.93

35.16

42.30

36.45

growth rate

-14.1%

20.3%

-13.8%

Total Assets

1,167.66

1,151.16

1,180.51

1,168.81

1,160.68

growth rate

-1.4%

2.6%

-1.0%

-0.7%

Cash

34.18

30.59

35.02

31.23

growth rate

-10.5%

14.5%

-10.8%

Inventory

0.02

0.17

0.16

0.16

growth rate

833.3%

-4.8%

1.9%

Cur.Liabilities

1,009.03

991.10

1,017.11

1,007.47

949.17

growth rate

-1.8%

2.6%

-1.0%

-5.8%

Liabilities

1,072.55

1,055.35

1,083.63

1,071.63

1,062.70

growth rate

-1.6%

2.7%

-1.1%

-0.8%

LT Debt

54.62

56.37

58.38

60.96

95.24

growth rate

3.2%

3.6%

4.4%

56.2%

Equity

95.10

95.81

96.88

97.18

97.98

growth rate

0.7%

1.1%

0.3%

0.8%

Common Shares

0.27

0.27

0.27

0.27

97.98

growth rate

0.0%

0.0%

0.0%

36,733.5%

Cash Flow Statement

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Capital Expenditures

0.52

0.08

0.22

0.40

growth rate

-85.1%

181.8%

83.0%

Cash Dividends

0.27

0.27

0.36

0.36

growth rate

-0.7%

32.4%

0.0%

Cash From OA

2.14

3.59

0.37

-0.13

growth rate

67.8%

-89.8%

-100.0%

Sale Purchase of Stock

-0.65

-0.45

growth rate

0.0%

FCF

1.62

3.52

0.15

-0.53

growth rate

116.5%

-95.8%

-100.0%

Income Statement

Dec '17

Mar '18

Jun '18

Sep '18

Dec '18

Sales

12.65

12.33

12.49

12.70

12.80

growth rate

-2.5%

1.3%

1.7%

0.8%

Op.Income

2.56

2.38

2.33

2.72

2.56

growth rate

-7.3%

-1.7%

16.6%

-6.1%

IBT

2.40

2.21

2.18

2.58

2.41

growth rate

-7.9%

-1.5%

18.5%

-6.7%

Net Income

-1.00

1.77

1.74

2.33

1.93

growth rate

100.0%

-1.3%

33.5%

-17.2%

Gross Profit

12.65

12.33

12.49

12.70

12.80

growth rate

-2.5%

1.3%

1.7%

0.8%

R&D

growth rate

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.